Explore the key financial outcomes and strategic insights from FuboTV Inc's first quarter of 2024, marking significant improvements in revenue, subscriber numbers, and operational efficiency.
FuboTV Inc (NYSE:FUBO) shares soared in premarket by as much as 10% after the company reported fiscal first-quarter 2024 results. Sales grew 24.0% Y/Y to $402.4 million, beating the analyst consensus estimate of $381.3 million. Adjusted EPS loss of $(0.11) beat the analyst consensus loss estimate of $(0.21). The company’s gross margin stood at 7%, up by 588 bps Y/Y. North America Streaming: Revenue grew 24% Y/Y to $394 million as paid subscribers grew 18% Y/Y to 1.511 million. Average revenue pe
The headline numbers for fuboTV (FUBO) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.